A shortage results when a
a. nonbinding price ceiling is imposed on a market.
b. nonbinding price ceiling is removed from a market.
c. binding price ceiling is imposed on a market.
d. binding price ceiling is removed from a market.
c
Economics
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If the nature of production is such that adjustments take longer, then supply is likely to be _____________
Fill in the blank(s) with the appropriate word(s).
Economics
When government outlays exceed tax revenue, the situation is called a budget
A) with a negative balance. B) deficit. C) surplus. D) debt. E) with no balance.
Economics